Guy Hayward, who has been Chief Financial Officer of Massmart Holdings (MSM) since 2001, is to assume the role of Chief Operating Officer reporting to the CEO and will continue on the Massmart Board, the company said Tuesday, 8 May 2012. 8 May 2012
Any doubts that consumers are under pressure have been laid to rest by Clicks Group's latest interim results to February. "Consumers are facing headwinds, especially those in Clicks' core market, the middle income segment," says Clicks CEO David Kneale. 4 May 2012
Thomas Pink, a renowned London shirt maker and part of the Louis Vuitton Moet Hennessey (LVMH) group of luxury brands, opens in Hyde Park Corner Johannesburg in June 2012. Meticulous attention to detail, exclusive fabric and exquisite craftsmanship are hallmarks of this international brand. 4 May 2012
Retailing in Gaborone just took another upswing with the opening of the Airport Junction, within the newly developed precinct in which Builders Warehouse opened last year. 3 May 2012
Upmarket retailer Woolworths (WHL) has fired its first salvo in the trolley wars, with the opening of its R20 million full-line supermarket on William Nicol Drive in Johannesburg - just a hop, skip and a jump away from rival Pick n Pay's (PIK) premium flagship store. 30 Apr 2012
Hackett London launched its second South African store in Sandton City's new mall space at an event late last week. The flagship men's outfitters joins the other at OR Tambo International Airport in offering British style. 30 Apr 2012
Despite tough trading conditions, retailer Clicks (CLS) has reported a 7.6% rise in diluted headline earnings per share to 131.5 cents for the six months ended February from 122.2 cents a year ago. 26 Apr 2012
Local retailers should take advantage of Wal-Mart's weaknesses, rather than competing on price, which is one of its greatest edges, Natalie Berg, global research director of retail analyst firm Planet Retail said. 25 Apr 2012
Health and beauty retail and supply chain Clicks Group (CLS) will this week release its half-year results. 24 Apr 2012
Retailer Pick n Pay and BP Southern Africa have formally combined forces which will see the roll out of small-format Pick n Pay stores located at BP service stations in the major metropolitan areas across SA, the companies said on Monday, 23 April 2012. 23 Apr 2012
On the evening of Thursday 19 April 2012, the executive mayor, Alderman Patricia De Lille officially opened the new Lindt Chocolate Studio & Boutique at the Cape Quarter Lifestyle Village. Described as the only chocolate store of its kind in Africa, the mayor put her hands and feet in chocolate cement on its 'chocolate walk of fame'. 23 Apr 2012
If one were to review the reasons for a failed business, mistakes in marketing, finance and employment are hardly ever the primary factors. Many companies go under despite a solid product offering, skilled resources and detailed financial plans. 20 Apr 2012
Retailer Pick n Pay on Wednesday, 18 April 2012, reported headline earnings per share of 160.78 cents for the year ended February 2012, a decrease of 15.1%. 18 Apr 2012
Though operational results for the second half of Pick n Pay's financial year are expected to show an improvement, the group's fervent investment in its turnaround strategy is likely to have had a negative impact on profit growth for the year. 17 Apr 2012
It has gone ominously quiet after the much-awaited judgment by the Competition Appeal Court in the Wal-Mart matter, but there is still a week left for the parties to indicate whether they will consider appealing to the Supreme Court of Appeal. 3 Apr 2012
For global retailers looking to secure long term growth and diversify their source of income, setting up an African strategy is key. 3 Apr 2012
HomeChoice Holdings, a direct marketing retailer selling home décor and financial services products to the rapidly expanding middle-income market in southern Africa, has announced its intention to list on the JSE in the second half of 2012, market conditions permitting. 3 Apr 2012
Pick n Pay on Friday said headline earnings per share (HEPS) and diluted HEPS from continuing and total operations would decrease by between 10% and 20% for the year ended 29 February 2012. 2 Apr 2012
Pick n Pay's struggles over the past few years have sparked speculation that the 45-year-old retailer could be a takeover target for overseas and local retailers. 2 Apr 2012
The annual Woolworths Soup Recipe Competition has opened for entries to all amateur cooks to enter their original soup recipes, which can be inspired by MasterChef or handed through the family for years. 30 Mar 2012
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